(Reuters) - China Evergrande New Energy Vehicle ( EVGRF ), the electric vehicle unit of troubled property giant China Evergrande ( EGRNF ), said on Tuesday it expects to report a bigger loss for the first half of fiscal 2024.
The company estimated a consolidated net loss of about 20.25 billion yuan ($2.84 billion) for the six months ended June 30, compared with 6.87 billion yuan in the same period a year earlier.
($1 = 7.1237 Chinese yuan renminbi)
(Reporting by Aaditya Govind Rao in Bengaluru; Editing by Sriraj Kalluvila)